The Securities Intermediary. (i) U.S. Bank is hereby appointed as the initial securities intermediary with respect to the Collection Account, the Yield Supplement Account and the Reserve Fund (the “Securities Intermediary”) and U.S. Bank hereby accepts such appointment as Securities Intermediary. The Securities Intermediary hereby agrees with the parties hereto that the jurisdiction of the Securities Intermediary with respect to the Collection Account, the Yield Supplement Account and the Reserve Fund shall be the State of New York. The Securities Intermediary hereby represents and covenants that it is not and will not be (as long as it is the Securities Intermediary hereunder) a party to any agreement that is inconsistent with the provisions of this Indenture. The Securities Intermediary hereby agrees that any item of property credited to the Collection Account, the Yield Supplement Account or the Reserve Fund shall not be subject to any security interest, lien, encumbrance or right of setoff in favor of the Securities Intermediary or anyone claiming through the Securities Intermediary (other than the Indenture Trustee).
The Securities Intermediary. Section 4. (a)
The Securities Intermediary. (a) There shall at all times be one or more securities intermediaries appointed for purposes of this Indenture (the “Securities Intermediary”). The Bank of New York Mellon is hereby appointed as the initial Securities Intermediary hereunder, and The Bank of New York Mellon accepts such appointment.
The Securities Intermediary. (a) There shall at all times be one or more Securities Intermediaries. The Issuer hereby appoints U.S. Bank National Association as the initial Securities Intermediary hereunder and U.S. Bank National Association accepts such appointment.
The Securities Intermediary. (a) Secured Party hereby irrevocably appoints and authorizes the Securities Intermediary to take such action as agent on its behalf and to exercise such powers under this Agreement as are delegated to the Securities Intermediary by the terms hereof, together with all such powers as are reasonably incidental thereto.
The Securities Intermediary. (a) The Securities Intermediary hereunder, which Securities Intermediary initially shall be Computershare, shall be a depository institution or trust company organized under the laws of the United States or any State (or any domestic branch of a foreign bank) that is approved by the Administrative Agent. The Securities Intermediary has established the Accounts at the Account Bank. The Account Bank, which initially shall be Xxxxx Fargo Bank, National Association, shall be a Qualified Institution. The Borrower hereby appoints Computershare as the initial Securities Intermediary and hereby approves Xxxxx Fargo Bank, National Association as the initial Account Bank. All payments of amounts due and payable in respect of the Aggregate Unpaids that are to be made from amounts withdrawn from the Collection Account or the Reserve Account shall be made on behalf of the Borrower by the Securities Intermediary in accordance with Section 2.08.
The Securities Intermediary a. The duties, responsibilities and obligations of Securities Intermediary shall be limited to those expressly set forth herein, and no duties, responsibilities or obligations shall be inferred or implied against the Securities Intermediary. The Securities Intermediary shall not be subject to, nor required to comply with, any other agreement to which Pledgor or Secured Party is a party, even though reference thereto may be made herein, or to comply with any direction or instruction (other than those contained herein or delivered in accordance with this Agreement) from Pledgor or Secured Party or an entity acting on its behalf. The Securities Intermediary shall not be required to expend or risk any of its own funds or otherwise incur any liability, financial or otherwise, in the performance of any of its duties hereunder.
The Securities Intermediary. The Securities Intermediary accepts its duties and responsibilities hereunder as agent of the Trustee on and subject to the following terms and conditions:
The Securities Intermediary. 75 SECTION 8.1. Duties of the Securities Intermediary.................................................... 75 SECTION 8.2. Representations, Warranties and Covenants of the Securities Intermediary................. 75 SECTION 8.3. Governing Law for Certain Securities Intermediary Matters................................ 76 ARTICLE IX MISCELLANEOUS.................................................................................... 77
The Securities Intermediary. (a) JPMorgan Chase Bank, is appointed as the initial Securities Intermediary hereunder and JPMorgan Chase Bank, accepts such appointment.
